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Oil prices surge to record highs

The price of crude oil continues its surge to record levels after output was halted in Iraq's southern oilfields amid the threat of sabotage.

[through BBC News]

Remark:
-This happens of course after the major oil magnates in US have set their deals
-Prices can not stay as cheap as they were, oil experts say that by gaining the oil of Iraq, the problem is only delayed by 10 years, not even considering the higher needs of the Chinese.
Alternatives have to be found urgently.

As said before: the wealth we are living today won't last forever. 95% of the people is paying for it, while we have it.

Posted on August 10, 2004
in Limit of my knowledge

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